Goldman Sachs to Buy Trading Firm
Hull Group of Chicago for $531 Million

By

Randall Smith Staff Reporter of The Wall Street Journal

Updated July 13, 1999 12:01 a.m. ET

NEW YORK -- Goldman Sachs Group Inc. said it plans to pay $531 million for a Chicago trading firm, creating one of the largest beachheads for a major Wall Street firm in the rapidly evolving world of electronic trading.

Goldman plans to acquire Hull Group, a global market maker in exchange-traded equity derivatives and an active market maker in stock securities world-wide, for a package of stock, options and cash.